- The short and medium-term outlook is in a downtrend.
- Treaders may consider selling at key areas.
HOT/USD Medium-term Trend: Bearish
Supply zone: $0.004000, $0.006000, $0.008000
Demand zone: $0.001050, $0.001000, $0.0005000
HOLO is in a bearish trend in the medium-term outlook. The bears had a stronghold of the market since the beginning of the month at $0.002128 in the supply area. HOLO plummeted to $0.001041 in the demand area as the bears lost momentum briefly on 16th July, to allow for the market correction and confirmation of the bullish continuation.
The coin rose to $0.001445 in the supply area above the two EMAs due to the brief rally. Rejection of upward price movement at the supply area led to exhaustions signaled by the wicks in the candles.
Despite a bullish opening candle today at $0.001272, the bears regained control of the market with HOTUSD plunges to $0.001116 in the demand area. The signal of the stochastic oscillator pointing down 36% an indication downward momentum with $0.001000 in the demand area a target for the bears.
HOT/USD Short-term Trend: Bearish
The cryptocurrency is in a bearish trend in the short-term outlook. $0.001445 in the supply area was the point the bears began the journey down south as the market opened yesterday. The momentum was sustained with $0.001239 as the low of yesterday session.
The bulls brief held on as market opens but was lost at $0.001385 around the trendline as price drops to $0.001124 in the demand area.
Price is currently up at $0.001358 for a touch at the trendline as confirmed by the signal of the stochastic oscillator pointing up at 48%, before another drop to $0.001050 in the demand area as the journey down south continues.
Live Holo (HOT) Price:
1 HOT/USD =$0.0003 change ~ -4.85%
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